Established in 2006, SolarEdge developed the DC optimised inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems. The SolarEdge intelligent inverter solution maximises power generation while lowering the cost of energy produced by the PV system, for improved return on investment.
In 2010, the company shipped an estimated 250,000 power optimizers and 12,000 inverters – amounting to a total generation of 50 megawatts and 70% of the power optimizers market.
In March 2015, SolarEdge had an initial public offering on the NASDAQ with 7,000,000 shares of its common stock at a price to the public of $18.00 per share, raising $126 million.
In May 2015, SolarEdge partnered with Tesla Motors or the joint development of a photovoltaic (PV) storage and backup power solution for the residential solar market, based on the Powerwall home and industrial battery packs that were unveiled in April 2015, and quickly received orders to a total value of US$800 million.
Solar Edge now has over 2,400 employees globally with a monitored site in over 130 countries. The headquarters are located in Israel with offices all over the world including the USA, Germany, France, Japan, China, India, and Australia.